Farther Finance Advisors LLC Has $1.74 Million Stock Holdings in KKR & Co. Inc. (NYSE:KKR)

Farther Finance Advisors LLC trimmed its stake in shares of KKR & Co. Inc. (NYSE:KKR) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,721 shares of the asset manager’s stock after selling 511 shares during the period. Farther Finance Advisors LLC’s holdings in KKR & Co. Inc. were worth $1,735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KKR. McIlrath & Eck LLC acquired a new stake in KKR & Co. Inc. during the 4th quarter worth about $26,000. Mascagni Wealth Management Inc. acquired a new position in shares of KKR & Co. Inc. in the fourth quarter worth about $31,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $34,000. Cassady Schiller Wealth Management LLC purchased a new position in shares of KKR & Co. Inc. in the fourth quarter worth approximately $36,000. Finally, HM Payson & Co. raised its holdings in shares of KKR & Co. Inc. by 6,800.0% during the fourth quarter. HM Payson & Co. now owns 276 shares of the asset manager’s stock valued at $41,000 after acquiring an additional 272 shares during the period. Institutional investors and hedge funds own 76.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on KKR shares. Citigroup reduced their price target on shares of KKR & Co. Inc. from $177.00 to $132.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods increased their target price on KKR & Co. Inc. from $129.00 to $131.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Morgan Stanley upgraded KKR & Co. Inc. from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $120.00 to $150.00 in a report on Wednesday, May 14th. Bank of America dropped their price target on KKR & Co. Inc. from $214.00 to $194.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Finally, Wells Fargo & Company raised their price objective on KKR & Co. Inc. from $136.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, May 23rd. One analyst has rated the stock with a sell rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $149.43.

KKR & Co. Inc. Trading Up 1.6%

Shares of NYSE KKR opened at $126.00 on Thursday. The business has a 50 day simple moving average of $114.68 and a 200 day simple moving average of $132.25. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40. The stock has a market cap of $112.22 billion, a price-to-earnings ratio of 37.84, a PEG ratio of 1.00 and a beta of 1.89. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.07 and a current ratio of 0.07.

KKR & Co. Inc. (NYSE:KKR) last released its quarterly earnings data on Thursday, May 1st. The asset manager reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. KKR & Co. Inc. had a return on equity of 6.20% and a net margin of 14.31%. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the company posted $0.97 earnings per share. The firm’s revenue was down 67.8% on a year-over-year basis. On average, research analysts predict that KKR & Co. Inc. will post 5.19 earnings per share for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 13th were issued a $0.185 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 0.64%. This is an increase from KKR & Co. Inc.’s previous dividend of $0.17. KKR & Co. Inc.’s dividend payout ratio is currently 31.22%.

Insider Buying and Selling

In other KKR & Co. Inc. news, Chairman Henry R. Kravis sold 130,925 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $121.67, for a total transaction of $15,929,644.75. Following the completion of the sale, the chairman now owns 73,006,022 shares of the company’s stock, valued at $8,882,642,696.74. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Genetic Disorder L.P. Kkr sold 6,000,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $34.20, for a total value of $205,200,000.00. Following the sale, the insider now directly owns 13,260,971 shares of the company’s stock, valued at $453,525,208.20. The trade was a 31.15% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,471,488 shares of company stock worth $501,529,092. Insiders own 39.34% of the company’s stock.

KKR & Co. Inc. Profile

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.